Logistics firms in today’s challenging environment can leverage supply chain mapping to present a variety of benefits that affect business continuity, daily operations, sustainability, and compliance. Procurement supply chain mapping provides a means of communication and a decision-making tool to improve cost, quality, and lead-time. Additionally, supply chain maps allow firms to visualize layers of data and provide information that is needed to manage and enhance the business. As a result, many logistics firms with complex supply chains have started opting for supply chain mapping studies to avoid data drowning and improve strategic planning.
The Procurement Pain Point and Insights Offered
A leading logistics firm wanted to assess the drawbacks of their current-state planning procedures. Additionally, the client also wanted to automate and integrate their existing process across the entire enterprise. Furthermore, the client also wanted to create a plan to make transportation more flexible and agile with the help of SpendEdge’s supply chain mapping study.
The supply chain mapping specialists at SpendEdge conducted a comprehensive research methodology that included primary and secondary research coupled with qualitative and quantitative data collection methodologies to cater to the specific category requirements of the client. During the course this study, the client was able to identify the gaps in the primary processes that required attention. The client was recommended a new process and a tool, which allowed them to balance demand and supply, improve route selection based on the lowest transportation cost, and execute decisions through a fully integrated solution. Furthermore, the client could develop a three-phase approach to assist them in the technology changes and implementation process.
Key questions answered in this supply chain mapping study include
The supply chain mapping study helped the client achieve their operational targets, identify key logistics savings opportunity levers, and implement technologies that would make it easier to move those levers. The client could also cut its transportation costs by 10%, saving millions of dollars annually. Additionally, the supply chain mapping study also helped the client integrate product costs into the tool and take its planning capabilities beyond transportation.